LONDON, Oct 11 - Ether, the second-largest cryptocurrency, may rise more than five-fold in value by the end of 2026, according to global bank Standard CharteredEther may hit $8,000 over the next two years as it becomes more widely used in blockchain-based covenants known as "smart contracts," as well as gaming and the "tokenisation" of traditional assets, StanChart Head of FX Research, West, Geoff Kendrick wrote.
"We see the $8,000 level as a stepping stone to our long-term 'structural' valuation estimate of $26,000-$35,000," wrote Kendrick, who also heads the bank's digital assets research. "That valuation assumes future use cases and revenue streams that may not have emerged yet, although the real-world use cases of gaming and tokenisation should support their development."Ether has gained some 30% this year, though remains almost 70% below its all-time high of about $4,869, hit in Nov. 2021.that top crypto token bitcoin could reach $50,000 this year and $120,000 by the end of 2024. Bitcoin was last trading at around $27,275.India's No.
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